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 Money & Banking - Short Term Instruments
Call rates close higher

Mumbai, Nov. 26

The inter-bank call rates closed higher at 7.75-8 per cent on Monday, against the previous close of 6-6.25 per cent. There were no repo or reverse repo bids under Liquidity Adjustment Facility. "Banks did not borrow from the RBI today as the call rates were below repo rate (7.75 per cent) on an intra-day basis, again banks did not park funds with the RBI through the reverse repo window (6 per cent) as they got better deal in the call money market," said a dealer with a private bank. The CBLO market saw 482 trades aggregating Rs 29,366.25 crore in the 6.73-7.94 per cent range. - Our Bureau

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